FTX Announces $312 Million Fund Distribution to Creditors with Kraken’s Notice

In a significant update, FTX has communicated through its creditor representative, Sunil, that Kraken has officially issued a fund distribution notice to its creditors. The scheduled fund distribution for FTX US creditors is set for May 30, 2025, totaling approximately $312 million. Meanwhile, international creditors of FTX can anticipate their distribution on June 2, 2025. According to COINOTAG, this marks the commencement of the second round of distribution, which entails over $5 billion earmarked for both “convenience class” and “non-convenience class” creditors who have fulfilled prerequisite requirements. Clients can expect the disbursement of funds to commence immediately, with transfers anticipated within 1 to 3 business days starting today. This development underscores FTX’s efforts to ensure transparency and methodical resolution of outstanding debts to its creditors.